Because both the FPC and the MPC rely on a monetary-transmission mechanism that operates through Banks, it isn't clear that inflation-targeting and liquidity maintenance can be so neatly separated.

因为FPC和MPC都依赖于银行之间运行的货币传递机制，要把通胀目标和维持流动性分开并不容易。

youdao

Indeed, an important element of the monetary transmission mechanism works through the asset price channel.

FORBES: Bernanke and the Big Ease: We Happy Few